After weeks of talk, former Washington Redskins quarterback and ESPN Monday Night football analyst Joe Theismann officially sealed the deal to become part-owner of the Florida Tuskers and was named president of the UFL franchise.

“I am excited about the opportunity and I am excited about the league,” Theismann said via press release. “This is a venture that I can take from the ground up in a beautiful place in Orlando. I wanted the Orlando-based franchise. I feel like it’s a great place for football fans. This is an opportunity to be a part of a football organization run the way I’d like to see it run.”

The financial details were not made public, but UFL commissioner Michael Huyghuetold me recently the cost of the Tuskers franchise is $20 million this season and will jump to $30 million next season.

Theismann will lead the charge to find other local investors to buy into the Florida Tuskers franchise.